Salisbury Housing Committee Inc
- Assets
- $3.8m
- Revenue
- $632.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, CT
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 11-5309016
Organization Overview
Salisbury Housing Committee Inc is located in Salisbury, CT. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salisbury Housing Committee Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Salisbury Housing Committee Inc generated $632.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $321.7k during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING TO QUALIFIED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SARUM VILLAGE - 16 UNIT LOW INCOME HOUSING COMPLEX.
SARUM VILLAGE II - 8 UNIT LOW INCOME HOUSING COMPLEX
LAKEVIEW - 6 UNIT LOW INCOME HOUSING COMPLEX (PURCHASED 12/22/2021)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Halle Co-President | OfficerTrustee | 2 | $0 |
Anne Kremer Co-President | OfficerTrustee | 2 | $0 |
Jocelyn Ayer Vice President | OfficerTrustee | 2 | $0 |
Carole Dmytryshak Co-Treasurer | OfficerTrustee | 2 | $0 |
Claire Held Co-Secretary | OfficerTrustee | 2 | $0 |
Emily Vail Co-Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $402,384 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,384 |
| Total Program Service Revenue | $228,920 |
| Investment income | $681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,535 |
| Payroll taxes | $440 |
| Fees for services: Management | $19,403 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,124 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,302 |
| Insurance | $18,963 |
| All other expenses | $0 |
| Total functional expenses | $321,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $676,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,145 |
| Net Land, buildings, and equipment | $3,075,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,756,699 |
| Accounts payable and accrued expenses | $17,774 |
| Grants payable | $0 |
| Deferred revenue | $1,116 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $745,158 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,246 |
| Total liabilities | $784,294 |
| Net assets without donor restrictions | $2,672,405 |
| Net assets with donor restrictions | $300,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,756,699 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salisbury Housing Committee Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Anne And Rollin Bates Foundation Inc Hartford, CT PURPOSE: DESIGNATED GIFT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |